In theory, spatial shipping data can be used to track variables that influence the supply or demand for maritime transportation. In real applications, the limitations of using AIS data alone for economic analysis soon become apparent, though it remains a very useful tool. In this chapter we review how AIS data can be used for data-driven market analysis in shipping. In particular, we outline how AIS data can be used to track commodity flows and key variables for fleet efficiency, supply and demand. We also emphasize the limitations of ship tracking data for commercial analysis. The chapter deals solely with the economics and analytics of bulk shipping (i.e. bulk carriers or tankers) as it represents the purest case of a perfectly competitive market where observed changes in supply and demand should have some bearing on the economic outcomes.
Shipping Economics and Analytics
2021-01-01
15 pages
Aufsatz/Kapitel (Buch)
Elektronische Ressource
Englisch
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